technological trends, innovations and breakthroughs, infrastructure, technology

legislation(Thompson and Martin, 2006).Factors include how new and emerging technology

affects our project / organization. The technological factors are including maturity of

technology, competing technological developments, research funding, technology legislation,

and new discoveries. The information technology, internet, global and local communications

can be easily access by user nowadays (Chew et.al, 2012).Research and development, new

inventions or innovations, speed of technology transfer, rates of obsolescence, development of

systems (Kew et al., 2005). recently, the major change of industry is rapidly technological

changes. The change of technology and innovation causes new industries to emerge and

competition over existing industries (Utani and Lantu, 2013)

These factors pertain to innovations in technology that may affect

the operations of the industry and the market favorably or unfavorably.
This refers to technology incentives, the level of innovation, automation,
research and development (R&D) activity, technological change and the
amount of technological awareness that a market possesses. These factors
may influence decisions to enter or not enter certain industries, to launch
or not launch certain products or to outsource production activities abroad.
By knowing what is going on technology-wise, you may be able to prevent
your company from spending a lot of money on developing a technology
that would become obsolete very soon due to disruptive technological
changes elsewhere.

These factors refer to the technological advancements and innovation, modern

infrastructure and technological legislation that may pose significance to the operations in
the industry either favorably or unfavorably. It includes the determination of the life cycle of
a technology, the emerging competition in the research and development , the cost involved
in funding the research phase and the constant exploration for new knowledge. Through
this, it will open wide avenues in deepening our understanding of the importance of
research and development in creating new inventions, the speed of transferring a data and
how these technological products decay in obsolescence and how we can bring it back to the
market. In fact, one of the most recent molders of industries can be traced to the rapid
technological changes wherein new industries can penetrate the market against the existing
ones (Chew, et.al., 2012; Kew, et.al, 2005; Thompson and Martin, 2006; Utani and Lantu,
2013).